The interest rate charged on VA loans is currently allowed to float with the market and...

Question

Question

The interest rate charged on VA loans is currently allowed to float with the market and is no longer set by the Director of the VA.

	1) True
	2) False

Answer 1

Answer #1

The statement is FALSE

The interest rate charged on VA loans is not allowed to float with the market and is set by the Director of the VA.

The VA loans carry a fixed interest rate and is set by the director of the VA.

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Answer 2

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